Producer prices in Latvia rose by 2.1 percent year-on-year in February of 2021, the highest annual producer inflation since June of 2019, after a 0.7 percent increase in the previous month. Main upward pressure came from prices of manufacturing (2.8 percent vs 1.5 percent in January), followed by water supply, sewerage, waste management & remediation activities (6.4 percent vs 6 percent) and by mining and quarrying (0.3 percent vs -0.8 percent). The only cost decrease was seen in electricity, gas, steam & air conditioning supply (-2.0 percent vs -4.0 percent). On a monthly basis, producer prices rose 1.2 percent, after a 1 percent increase in January. source: Central Statistical Bureau of Latvia
Producer Prices Change in Latvia averaged 3.88 percent from 2005 until 2021, reaching an all time high of 17.70 percent in April of 2007 and a record low of -9.30 percent in August of 2009. This page provides - Latvia Producer Prices Change - actual values, historical data, forecast, chart, statistics, economic calendar and news. Latvia Producer Prices Change - data, historical chart, forecasts and calendar of releases - was last updated on April of 2021.
Producer Prices Change in Latvia is expected to be 5.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices Change in Latvia to stand at 5.30 in 12 months time. In the long-term, the Latvia Producer Prices Change is projected to trend around 4.10 percent in 2022 and 3.50 percent in 2023, according to our econometric models.